reminder about the value of the assets built....dum de dum...we already know that.
You could have a Billion dollar oil field, but until it's in production it's essentially worthless.
Actually the mag would have been given by resources stocks for free as PR deal, so it's only the postage....
but should have announced it to market instead rather than sending it to current shareholders...we already know the assets, it's new shareholders....what a dumb PR effort- targeted the wrong market!!!!
new director of NEO- Mark Freeman Finance directorand company secretary of Golden Gate petroleum ($66M market cap) Mr Freeman is a Chartered Accountant and has more than 11 years’ experience in corporate finance and the resources industry. He has experience in strategic planning, business development, acquisitions and mergers, gas commercialisation, project development and general management. Prior and current experience with Liberty Resources NL, Mirabela Nickel Ltd, Albidon Ltd, Sally Malay Mining Ltd and Matra Petroleum PLC In addition, Mr Freeman is a graduate of the University of Western Australia with a Bachelor of Commerce with a double major in Banking & Finance and Accounting as well as holding a Graduate Diploma in Applied Finance with a major in Investment Analysis from the Securities Institute of Australia .
ex company secretary of Sally Malay- (nearly $B market cap)
company secretary for Exco resources ($57M market cap
1. He has gas field commercialization experience 2. he has corp governance, ASIC regulations, and financial control exp- something NEO has been sorely lacking. 3. All the public companies he is involved with are far bigger than NEO- so he must see and opportunity or else why would he tarnish his name.
Funny how since he's been appointed we have actually started to see some buyers- just with ANZ/OPES selling the price hasn't moved- at least not down.
NEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held